# kaal:claim:3017612-002

**Claim.** US corporate codes function as enabling statutes that give enterprises wide flexibility, but that flexibility stops at mandatory provisions, which the parties cannot contract around.

**Type.** condition  **Support.** asserted

**Holds when.**

- United States corporate codes

**Source quote.**

> While corporate codes are viewed as "enabling" statutes—providing flexibility for different enterprises—mandatory provisions cannot be changed.

**From.** Wulf A. Kaal, *Shareholder Agreements - National Report of the United States of America* (2017), I. Nature of Corporate Law Regulation, page 2

**Cite as.** Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

**Verify.** sha256 of source PDF `33821db406f92efbe1698fbaed37687595c13b7ce5463b4a879df679fd4af1ac` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Shareholder%20Agreements%20-%20National%20Report%20of%20the%20United%20States%20of%20America.pdf

**Topics.** governance-design

**Keywords.** enabling-statutes, mandatory-rules, charter-drafting, corporate-flexibility

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